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Capacity Building Drive to Finance African Geothermal Projects

Original: Financing Geothermal Projects in Africa: Capacity Building on Financing geothermal projects in Africa while leveraging Carbon markets and RE funds

The International Renewable Energy Agency (IRENA) is running a capacity-building programme on financing geothermal energy projects in Africa. The initiative focuses on helping developers and financial institutions tap carbon markets and renewable energy funds to fund geothermal development. It highlights the persistent difficulty of attracting capital for high-cost, high-risk geothermal drilling across the continent.

Why now: Africa's vast untapped geothermal potential requires new financing models, and IRENA's programme addresses the funding gap holding projects back.

International Renewable Energy Agency (IRENA)Africa

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• Financing Geothermal Projects in Africa: Capacity Building on Financing geothermal projects in Africa while leveraging Carbon markets and RE funds · International Renewable Energy Agency (IRENA)

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